ANALYSIS
NQ100 Finds Support from PPIApr 14
EURUSD Continues to Defend the Descending Channel
Members of the Board of Directors of the European Central Bank (ECB) maintained their hawkish stance against the peak inflation rates, which somewhat supported the parity. However, we see that the weight on the parity is maintained as the recession risks in the Eurozone remain alive. In addition, the strong stance of the dollar also plays a role here. Technically speaking, the 0.9600 level will be followed closely in the EURUSD parity, which has made the channel change and showed a minor hold. Dissolutions may continue until the level of 0.9560 when passing below this point permanently. In upside attempts, 0.9700 and 0.9745 resistances can be observed.
